Biodegradable Bone Graft Polymers Market 2024 : Key Players Evonik, Polysciences, Inc., KLS Martin Group, Foster Corporation

Polylactic acid (PLA) segment is likely to grow over the coming years due to increasing trauma cases across the globe which is fueling the overall market for biodegradable bone graft polymers. It is majorly used polymers owing to its degradable and strength properties. In addition, it is also combined with other resin which are further used as membranes for internal fixation. Thus, the market is likely to grow owing to these factors and will show healthy growth over the forecast timeframe.

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Biodegradable bone graft polymers market will exceed USD 690 million by 2024; according to a new research report.
Growing population as well as availability of better healthcare facilities at emerging economies, shift in traditional surgical methodology for implementing advanced technology, increasing investment on research and development process, all these factors will drive the overall biodegradable bone graft polymers market over the forecast period. Rising demand from medical industry specifically for spine and joint reconstruction application with dental application which is growing at a sluggish rate will also enhance market demand during the forecast timeframe.

The market is driven by natural based biodegradable polymers like chitosan and collage which are majorly used as implants for arrows, tacks, anchors, screws and needles for shoulder, knees. etc. It has various application few of these are bone fixation, arthroscopy, craniomaxilliofacial and spine. Further it is available in low cost and has greater mechanical strength its distinctive properties like biocompatibility, osteo conductive.etc will further augment market growth.

Growing old age population across the globe is increasing the medical expenditure of developed and developing countries. Biodegradable polymers are easy to mold and can go through several manufacturing processes. In addition, it offers better surgical option where removal surgery is not required. These factors will potentially grow the market over the forecast period.

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The market is restrained by rising R&D cost for developing advance technology and improved materials. Comparatively higher cost of biodegradable polymers along with practice of conventional surgeries in emerging economies will negatively influenced biodegradable bone graft polymers market during the forecast years.

On the basis of application, the joint reconstruction will grow at significant rate by the end of forecast years, owing to increasing surgical procedures in Europe and North America. Better healthcare facilities, copolymeric materials and innovative surgical measures is likely to foster the market demand of various natural as well as synthetic polymers. Spinal fusion segment is growing in terms of revenue owing to rising application for degenerative disc ailments.

The North America market is majorly dominated by U.S. due to growing old age population in the country, which have contributed a major share toward the growth of biodegradable bone graft polymers. Continuous R&D activities along with implementation of technologically advanced process and equipment such as innovative medical devices and implant design for surgeries have increased the application of these polymers in pharmaceutical industries. Further, growing rate of accident will augment the market of biodegradable bone graft polymers.

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Prominent market players of biodegradable bone graft polymers products are Evonik, KLS Martin, Corbion, PolySciences Inc and Foster Corporation.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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